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Banner gets his loan from Hector. The parties make an oral agreement. sealed with a handshake. Hector delivers the money. Banner promises that the instruments are collateral for the debt, although Banner will retain them and use them in the lab's work. If called on to testify. Banner would freely testily to the agreement. Is the security agreement effective to ore ate a security interest? Meaning, for example, will it stand up if Banner goes into bankruptcy or another creditor gets a judgment against Banner? a) Yes, because Banner does not deny the effectiveness of the agreementb) Yes, because Hector has performed and so may enforce the agreement.c) Yes, if Banner can provide evidence that the money was delivered,such as an account statement.d) No, because there was no agreement signed by Banner and Hector was not in possession of the collateral.

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